ELFC.DE vs. ZPRE.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and ZPRE.DE (SPDR MSCI EMU UCITS ETF) are both Europe Equities funds - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while ZPRE.DE tracks the MSCI EMU. Both are passively managed. Over the past 10 years, ELFC.DE returned 8.86%/yr vs 9.98%/yr for ZPRE.DE. A 0.79 correlation means they provide meaningful diversification when combined. ELFC.DE charges 0.30%/yr vs 0.18%/yr for ZPRE.DE.
Performance
ELFC.DE vs. ZPRE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELFC.DE achieves a 12.62% return, which is significantly higher than ZPRE.DE's 9.05% return. Over the past 10 years, ELFC.DE has underperformed ZPRE.DE with an annualized return of 8.86%, while ZPRE.DE has yielded a comparatively higher 9.98% annualized return.
ELFC.DE
- 1D
- -0.33%
- 1M
- 0.92%
- YTD
- 12.62%
- 6M
- 12.29%
- 1Y
- 20.13%
- 3Y*
- 12.09%
- 5Y*
- 10.14%
- 10Y*
- 8.86%
ZPRE.DE
- 1D
- 0.59%
- 1M
- 4.67%
- YTD
- 9.05%
- 6M
- 10.89%
- 1Y
- 18.16%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
ELFC.DE vs. ZPRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 12.62% | 17.73% | -0.16% | 15.69% | 1.54% | 21.96% | -7.15% | 19.94% | -4.03% | 6.11% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 27.13% | -12.82% | 13.22% |
Correlation
The correlation between ELFC.DE and ZPRE.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.79 |
Over the past year, the correlation between ELFC.DE and ZPRE.DE has dropped to 0.54 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELFC.DE vs. ZPRE.DE — Risk / Return Rank
ELFC.DE
ZPRE.DE
ELFC.DE vs. ZPRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) and SPDR MSCI EMU UCITS ETF (ZPRE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ELFC.DE | ZPRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.76 | +1.24 |
| Martin ratioReturn relative to average drawdown | 8.42 | 6.43 | +1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ELFC.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.25 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.64 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.58 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.54 | +0.01 |
Drawdowns
ELFC.DE vs. ZPRE.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, roughly equal to the maximum ZPRE.DE drawdown of -38.16%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and ZPRE.DE.
Loading charts...
Drawdown Indicators
| ELFC.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -38.16% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -10.27% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -15.13% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -24.48% | +7.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -38.16% | +0.48% |
Current DrawdownCurrent decline from peak | -1.60% | -0.47% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -5.83% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.82% | -0.43% |
Volatility
ELFC.DE vs. ZPRE.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.62%, while SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a volatility of 4.62%. This indicates that ELFC.DE experiences smaller price fluctuations and is considered to be less risky than ZPRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ELFC.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.62% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.92% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 14.52% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 16.13% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 17.12% | -0.72% |
ELFC.DE vs. ZPRE.DE - Expense Ratio Comparison
ELFC.DE has a 0.30% expense ratio, which is higher than ZPRE.DE's 0.18% expense ratio.
Dividends
ELFC.DE vs. ZPRE.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 4.08%, while ZPRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 4.08% | 4.45% | 4.66% | 4.66% | 4.91% | 3.85% | 2.83% | 3.64% | 4.20% | 3.53% | 3.57% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFC.DE and ZPRE.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ELFC.DE.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while ZPRE.DE tracks MSCI EMU. They also come from different issuers: Deka and State Street. Their fees differ too: 0.30% for ELFC.DE and 0.18% for ZPRE.DE.
Find the right allocation for ELFC.DE and ZPRE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer